In cryptocurrencies, the price of Bitcoin rose today with biggest and most well-known digital tokens, rising by about 2% to USD 17,429. According to data from CoinGecko, the total market value of cryptocurrencies today stayed below the USD 1 trillion threshold, despite having increased by about 1% in the previous day to USD 893 billion.
"The value of bitcoin significantly increased on Tuesday as it passed through a key resistance level at USD 17,400. The price was forced past this crucial level by the rise that took place over the weekend.
By the end of the week, if bitcoin can continue moving upward, it may approach the USD 17,500 resistance level. After implementing Merge successfully, Ethereum is preparing to deploy the Shanghai public testnet in February, which will increase its capacity to handle high volume transactions while also lowering expenses "explained Mudrex CEO and Co-Founder Edul Patel.
On the other side, Ether, the second-largest cryptocurrency and coin connected to the Ethereum blockchain, also increased by roughly 1% to USD 1,333. Shiba Inu price today increased by over 6% to USD 0.000009, while Dogecoin price was also trading over 3% higher at USD 0.07.
As Tether, Stellar, XRP, Polkadot, Chainlink, Solana, Avalance, Polygon, Apecoin, Tron, and Solana prices were trading with gains over the last 24 hours while Litecoin and Uniswap declined, other cryptocurrencies' performance today also improved.
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